Can I retire at age 55 with 2,280,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$188,280$186,603$184,967$183,370$181,810$174,597
2 years$93,208$91,472$89,790$88,159$86,576$79,398
3 years$61,521$59,778$58,100$56,484$54,928$48,011
4 years$45,681$43,943$42,282$40,694$39,175$32,572
5 years$36,180$34,452$32,812$31,257$29,780$23,508
6 years$29,847$28,133$26,517$24,996$23,564$17,627
7 years$25,326$23,626$22,036$20,551$19,164$13,560
8 years$21,936$20,252$18,688$17,239$15,898$10,621
9 years$19,302$17,633$16,096$14,684$13,389$8,431
10 years$17,195$15,542$14,033$12,658$11,408$6,759
11 years$15,472$13,836$12,354$11,016$9,811$5,461
12 years$14,038$12,419$10,964$9,663$8,502$4,439
13 years$12,825$11,223$9,796$8,531$7,414$3,625
14 years$11,787$10,201$8,802$7,573$6,499$2,972
15 years$10,887$9,319$7,947$6,753$5,722$2,444
16 years$10,101$8,550$7,205$6,047$5,057$2,015
17 years$9,408$7,874$6,556$5,433$4,484$1,665
18 years$8,793$7,276$5,985$4,896$3,987$1,377
19 years$8,243$6,744$5,479$4,424$3,554$1,141
20 years$7,749$6,266$5,028$4,007$3,174$947
21 years$7,302$5,837$4,625$3,637$2,841$786
22 years$6,897$5,449$4,263$3,307$2,546$653
23 years$6,527$5,096$3,936$3,011$2,286$543
24 years$6,189$4,775$3,640$2,747$2,054$452
25 years$5,878$4,481$3,371$2,508$1,849$376
26 years$5,592$4,211$3,127$2,293$1,665$313
27 years$5,327$3,963$2,903$2,099$1,501$261
28 years$5,082$3,734$2,699$1,923$1,355$217
29 years$4,854$3,523$2,512$1,764$1,223$181
30 years$4,641$3,327$2,340$1,619$1,105$151
31 years$4,443$3,145$2,181$1,487$999$126
32 years$4,257$2,976$2,035$1,366$904$105
33 years$4,083$2,818$1,900$1,256$818$87
34 years$3,920$2,671$1,775$1,156$741$73
35 years$3,766$2,534$1,660$1,064$671$61
36 years$3,621$2,405$1,553$980$608$51
37 years$3,484$2,284$1,453$903$551$42
38 years$3,355$2,171$1,361$832$499$35
39 years$3,233$2,064$1,275$767$453$29
40 years$3,117$1,964$1,195$708$411$24
41 years$3,007$1,869$1,121$653$373$20
42 years$2,903$1,780$1,051$603$338$17
43 years$2,803$1,696$986$556$307$14
44 years$2,709$1,617$926$514$279$12
45 years$2,619$1,542$869$474$253$10
46 years$2,533$1,471$817$438$230$8
47 years$2,451$1,404$767$405$209$7
48 years$2,373$1,340$721$374$189$6
49 years$2,298$1,280$678$346$172$5
50 years$2,226$1,222$637$320$156$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,280,000, adding $5,448 every year, while hoping to spend $55,890 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 79/15/6 Blend
54$2,280,000$2,280,000$2,280,000$2,280,000
55$2,518,180$2,397,340$2,362,000$2,715,460
56$2,715,567$2,455,343$2,381,660$2,903,502
57$2,931,216$2,514,315$2,400,106$3,101,833
58$3,166,928$2,574,244$2,417,238$3,317,705
59$3,424,689$2,635,117$2,432,950$3,552,839
60$3,706,687$2,696,917$2,447,133$3,809,129
61$4,015,327$2,759,625$2,459,671$4,088,660
62$4,353,262$2,823,217$2,470,441$4,393,730
63$4,723,409$2,887,670$2,479,315$4,726,868
64$5,128,985$2,952,953$2,486,160$5,090,860
65$5,573,528$3,019,035$2,490,833$5,488,774
66$6,060,938$3,085,878$2,493,186$5,923,990
67$6,595,510$3,153,442$2,493,064$6,400,231
68$7,181,973$3,221,682$2,490,303$6,921,598
69$7,825,538$3,290,548$2,484,732$7,492,607
70$8,531,943$3,359,985$2,476,171$8,118,237
71$9,307,510$3,429,933$2,464,431$8,803,968
72$10,159,202$3,500,325$2,449,315$9,555,841
73$11,094,689$3,571,090$2,430,616$10,380,510
74$12,122,423$3,642,149$2,408,117$11,285,305
75$13,251,712$3,713,416$2,381,590$12,278,305
76$14,492,811$3,784,798$2,350,799$13,368,408
77$15,857,020$3,856,195$2,315,492$14,565,418
78$17,356,785$3,927,498$2,275,410$15,880,141
79$19,005,820$3,998,588$2,230,279$17,324,479
80$20,819,233$4,069,339$2,179,814$18,911,548
81$22,813,672$4,139,614$2,123,715$20,655,800
82$25,007,477$4,209,264$2,061,669$22,573,160
83$27,420,853$4,278,133$1,993,349$24,681,175
84$30,076,067$4,346,048$1,918,413$26,999,179
85$32,997,648$4,412,826$1,836,502$29,548,480
86$36,212,626$4,478,273$1,747,243$32,352,552
87$39,750,783$4,542,177$1,650,244$35,437,268
88$43,644,932$4,604,312$1,545,096$38,831,134
89$47,931,230$4,664,439$1,431,373$42,565,563
90$52,649,518$4,722,300$1,308,626$46,675,172
91$57,843,695$4,777,618$1,176,391$51,198,106
92$63,562,131$4,830,101$1,034,180$56,176,401
93$69,858,127$4,879,434$881,483$61,656,378
94$76,790,413$4,925,284$717,770$67,689,081
95$84,423,706$4,967,293$542,485$74,330,760
96$92,829,315$5,005,081$355,050$81,643,403
97$102,085,819$5,038,244$154,858$89,695,318
98$112,279,807$5,066,352$0$98,561,779
99$123,506,689$5,088,946$0$108,329,502
100$135,871,606$5,105,539$0$119,096,961